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- Is BRICS Still Relevant or Facing Decline? The Impact of a Changing US Dollar Landscape
Is BRICS Still Relevant or Facing Decline? The Impact of a Changing US Dollar Landscape
Explore the potential impact of a Trump presidency on BRICS nations and their economic ties, including discussions on tariffs and trade in non-US dollars. Will BRICS continue to thrive amidst changing global dynamics?
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Video Transcript
[Music]
will the bricks survive a trump
presidency now that's a pretty binary
question obviously the real question
we're going to ask is how will brics be
impacted by a trump presidency now we
talked a lot about Trump today on this
stage uh we've talked a lot about how he
comes in the door super hot and then
calms down and slides in the real
demands and so when it comes to Bricks
we've heard threats like 100% tariffs on
trade done in uh non US dollars for
context we also heard 25% tariff on day
one instead they decided to study it a
little bit longer come in the door hot
and then buy some time and slide in what
you really want so um Andy I'm going to
throw it over to you we're going to come
back this way what's the primary impact
see if I was if I was Trump I think that
this would be a Tipping Point for the
bricks right because either I'm serious
with my threats and that's going to
harden the resolve of bricks Nations to
bind together tighter right
alternatively I'm a deal guy I'm going
to go to Brazil and maybe boost
agriculture exports I'm going to go to
India and offer some Power Balance
against China uh I'm going to offer
investment in South Africa I'm going to
um I'm China's biggest customer right
there's angles right and he's a deal guy
so what's your take I mean you would
think that would be the way to do it I
mean it's been four years of the stick
rather than the carrot uh I think that
would be the way to do it if he was
smart he would come in hot and and then
you know reconcile with with with a deal
that is mutually beneficial but I don't
I don't know that that doesn't stop the
dollarization you know 36 trillion in
debt on top of 175 trillion in unfunded
liabilities and in some I guess you
could say a debt trap maybe perhaps
interest rates going high higher making
it more difficult and less demand for
the 10-year treasury which you know
